Bengaluru — Gold pared heavy early losses that came in the midst of a broad commodity sell-off on Thursday, bouncing off of a 19-month low on short-covering and a softer dollar following news that Beijing will hold trade talks with Washington this month. Spot gold was down 0.2% at $1,172.48/oz as of 4.26am GMT, after earlier falling as much as 1.2% to $1,159.96, its lowest since January 2017. US gold futures were down 0.5% at $1,179.5/oz. Stop-loss selling early in the session pushed prices sharply lower, and they have recovered since on short-covering and physical buying, said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong. Bullion has lost its appeal as a safe-haven over the past few months as investors have preferred to park assets in US treasuries and the dollar amid the uncertainty caused by the China-US trade dispute. The dollar was nudged away from a 13-month peak on Thursday, though, as risk aversion eased and emerging-market currencies recovered on news ...
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